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Banqup Group receives Swedish Competition Authority approval for 21 Grams divestment
Globenewswire·2025-05-30 20:30

Core Viewpoint - Banqup Group SA has received approval from the Swedish Competition Authority for the sale of all shares in the 21 Grams Group to PostNord Strålfors AB, marking a significant step towards completing the transaction [1] Group 1: Transaction Details - The transaction is expected to close in the first half of 2025 [2] - The approval decision has been published on the Swedish Competition Authority's website [1] Group 2: Company Overview - Banqup Group provides integrated cloud-based SaaS solutions that streamline business transactions, including e-invoicing, e-payments, and tax reporting [3] - The company's solution, Banqup, integrates various financial processes into a single secure platform, simplifying operations for businesses [3] - eFaktura World is designed for governments to implement e-invoicing and streamline tax reporting flows [3] Group 3: Financial Calendar - H1 2025 results will be published on 26 August 2025 [5] - Q3 2025 business update is scheduled for 13 November 2025 [5]